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Where we are: The Dow Jones cash index is currently trading at 51033, up 259 points on the day. Futures are a touch firmer at 51246, up 197 points, having traded in a range between 50999 and 51382. The index is building on Friday’s gains and continues to push higher, buoyed…
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Where we are: USD/CAD is currently trading at 1.3825, up 0.17% on the day. Intraday, we’ve seen a range of 1.3790 to 1.3839. The pair continues to struggle to break decisively above the 1.3800 handle, and is trending towards the upper end of its recent range, with prior NY close around…
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Where we are: Bitcoin currently trades at 72058, down 2.32% on the day, carving out a range of 71843-74094. The overnight dip accelerated in early European trade, piercing initial support near 72500. This puts BTC below Friday’s New York close and closer to the bottom of the established range. Ethereum is…
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Regime: Risk-on, supported by easing global inflation expectations as indicated by lower US 10Y yields and firm equities futures. Today’s market themes: ISM Day: US ISM Manufacturing PMI key for near-term Fed rate path signals. USD strength: DXY gains traction amid mixed global growth outlook, impacting emerging market stocks. Oil price…
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Where we are: The DXY is currently trading at 99.06, up 0.13% on the day, having carved out a 98.89-99.06 range so far. This pushes it above Friday’s close, driven by a moderate bid as EU cash markets progress. Focus remains squarely on the US data flow and whether it will…
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Where we are: The S&P 500 futures are currently trading at 7610.00, up 17.25 points, marking a 0.23% gain. The overnight range has been 7585.50-7622.00, with the index currently testing the upper end. Cash S&P sits at 7580.10. This price action extends the rally from Friday, fueled by ongoing strength in…
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Where we are: Gold (COMEX) is currently trading at 4531.9, down 0.49% on the day and near the bottom of its intraday range of 4519.3-4576.8. This price action represents a continuation of the downward pressure seen in late trading last week. The metal remains below the psychological 4550 level and well…
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Where we are: EUR/USD is currently trading at 1.1643, down 0.15% on the day. The pair has been confined to a tight intraday range of 1.1642-1.1665. This level is testing Friday’s low and suggests a potential break lower if dollar strength continues through the NY session. What’s driving it: The Euro…
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Where we are: Nasdaq futures are currently trading at 30456.50, up 0.10% and near the top of the overnight range of 30362.75-30592.25. The cash Nasdaq 100 closed Friday at 26972.62, and the overnight action suggests continued upward momentum. We’re watching the 30600 level in futures as the next key resistance. What’s…
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Where we are: GBP/USD is trading at 1.3456, marginally lower on the day (-0.01%). Cable has traded in a tight 1.3446-1.3476 range so far today. This level is just below Friday’s close. Resistance is likely to be found at the intraday high and then psychological resistance at 1.35. What’s driving it:…
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Where we are: USD/JPY is currently trading at 159.52, up 0.10% on the day, consolidating near the upper end of its 159.31-159.53 intraday range. This marks a continued test of levels that have previously prompted intervention from Japanese authorities, and sits well above Friday’s NY close. The persistent upside pressure highlights…
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Where we are: The Dow Jones cash index is currently trading at 51033, up 259 points, or 0.51%, having already probed as high as 51094. Futures are printing 51233, up 184 points. The overnight range saw a low of 50999 and a high of 51382. The Dow continues to build on…
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Where we are: USD/CAD is currently trading at 1.3830, up 0.21% on the day and testing the upper end of its intraday range of 1.3790-1.3839. The pair is edging higher after consolidating near the 1.3800 level in the Asian and European sessions. The move puts USDCAD above Friday’s NY close. What’s…
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Where we are: Bitcoin is currently trading at 71930, down 2.50% on the day and testing the lower end of its intraday range of 71843-74094. This move places it well below the previous NY close. Ethereum is also feeling the pressure, down 1.39% to 1981, having traded in a range of…
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Where we are: The FTSE 100 is currently trading at 23377, down 52 points or 0.22% on the day. The index is holding above the lower end of its intraday range of 23352-23429, but is lagging the broader European rally. The Footsie closed its last NY session near 23,400. What’s driving…
